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S Korea's chaebol try to get on Moon's good side

Newly elected President has vowed to reform the country's family-run conglomerates

Mon, May 22, 2017 - 5:50 AM

Mr Moon has not spelt out his agenda but some companies are playing safe.

PHOTO: REUTERS

Seoul

A SOUTH Korean retail giant has shelved controversial expansion plans, while a large bank made hundreds of contract jobs permanent after President Moon Jae-in took office vowing to reform the family-run conglomerates that dominate the economy.